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The experience had by timeshare owners often follows the same general process. At first, there is much excitement – you are imagining the many trips you will take, the memories you will make, and perhaps even the money you will save. Slowly, over time, reality sets in and much of the excitement wears off. Countless timeshare owners have followed this path and arrived at a point where they wish they never got involved with the timeshare in the first place.
I’ve seen this happen first-hand time and time again. The good news is that you don’t have to give up hope and resign yourself to owning a timeshare forever. It’s not always easy, but you can get out, and Bridge Transfers is one of many businesses out there offering to help. Let’s take a closer look below at what they have to offer and why they might be the right partner for your needs.
Go Right to the Source
If you are trying to learn about any type of company, no matter what it is they do, a good starting point is to check out their website. You can just spend a minute or two browsing a site, reading its content, and getting a feel for what the company is all about. That will serve as a good starting point for our examination of Bridge Transfers.
At first glance, the Bridge Transfers website is well-designed and looks professional. That’s not always the case with exit company sites, so it’s a good start. There is a video high on the page that you can view, and a form to complete if you so choose.
Are Past Clients Impressed with the Service?
If you are trying to learn about any type of company, no matter what it is they do, a good starting point is to check out their website. You can just spend a minute or two browsing a site, reading its content, and getting a feel for what the company is all about. That will serve as a good starting point for our examination of Bridge Transfers.
At first glance, the Bridge Transfers website is well-designed and looks professional. That’s not always the case with exit company sites, so it’s a good start. There is a video high on the page that you can view, and a form to complete if you so choose.
Later on the page are a couple of sections that I like quite a bit. The first is an actual picture of the person behind the business, which is Lorraine Coats. She is named as the lead attorney for the business, and it is a good sign that she is putting her name and reputation behind the work she does here. Too many exit companies are rather anonymous in the way they operate, which always makes me a bit nervous. I like the fact that there is a real person front and center.
The other section I like highlights what the service is for and who it serves. This is a service specifically for people who want to cancel their timeshare, period. The site clearly states that it is not aimed at people who want to sell their timeshare, rent it out, or anything else. Only if you are looking to cancel your timeshare and end the contract should you be considering what Bridge Transfers has to offer.
Is Anyone Talking About the Company?
The next step in this process is to look around the web to find some reviews from past customers who have utilized the service. What are those people saying? Are there a bunch of unhappy customers complaining about the way they were treated?
On this front, things also look pretty good for Bridge Transfers. When you visit Trustpilot, there are plenty of strong reviews that support the quality of the company. Also, and just as importantly, there aren’t any disgruntled reviews from people who don’t feel like they got fair value for their money. If Bridge Transfers was taking advantage of people and not doing business fairly, you would expect to see that reflected on a platform like Trustpilot.
Does this mean that you can be certain that this service will deliver for you? Not necessarily, but it’s a good starting point, and there is nothing here that would give you pause to continue learning more about the business and perhaps reaching out for more information.
The Basics of Exiting a Timeshare
No matter which service you wind up using to get out of your timeshare – or even if you use a service at all – you should know the basics of how to get out and some mistakes to avoid. So, let’s go over that important topic in this section.
First and foremost, a word of caution – it’s not a good idea to just stop paying on your timeshare. That isn’t going to get you any closer to leaving successfully, and it will only cause you problems in terms of your credit score and other harms. Try to keep up with the account while you work on leaving legally.
Also, if you happen to have just purchased this timeshare very recently, you still might be able to leave without any damage. There is a recission period in effect virtually everywhere that gives you some time to reconsider and cancel your purchase. This period might be somewhere from five to ten days, so check how long it lasts where you made the deal. If it so happens that the period is still open, follow the required steps and get out before too much time passes.
Assuming that type of exit is not a possibility, your next step should be to call the timeshare developer directly to talk about your situation. Be honest about your desire to leave and ask if they have any programs available for people in your situation. Sometimes, timeshares will be willing to take back deeds so they can sell them to someone else. That would be a great outcome and would represent one of the easiest ways to get out. No, you wouldn’t get any money for the timeshare, but you’d be free from the burden of it and could just move on.
Lastly, you do have the right to sell your timeshare, so that’s an option you can explore. There are plenty of places online where you can list your timeshare and see if anyone is interested in making a purchase. Even if you were to sell it for a single dollar, you could be happy about getting out and cutting your losses. I would say that you shouldn’t have too much optimism about this working out, simply because there isn’t a strong demand for timeshares on the open market, but it’s worth a try anyway.
An Important Fundamental to Remember
Anytime you get into a relationship with a timeshare exit service, one of the most important things you can do is protect your money. After all, you are probably looking into this kind of service because you are frustrated by the amount of money you have spent with your timeshare and you want to start saving. Unfortunately, I’ve seen people try to work with exit companies only to be taken advantage of and wind up losing even more.
That doesn’t have to be the outcome you experience. Instead, you can come out on the right side of this equation, as long as you are careful. One important fundamental is to use escrow services to protect the money you pay to the exit company. With escrow, the company doesn’t get access to all of your money right away, and they will have to perform in order to earn it. This is a much safer plan than just turning over your money at the start and hoping for the best. Make sure any company you consider is willing to work with this kind of arrangement before you move forward.
Frequently Asked Questions
Still have questions about the process of leaving a timeshare? Here are some FAQs that might be helpful.
Q: Why would I pay for a timeshare exit service instead of just selling my timeshare?
A: Despite what you might have been told at the start when you first purchased your timeshare, it is going to be very difficult to sell it to another party. You can absolutely try to do so but don’t be surprised if no buyers are available.
Q: Do I need to contact the timeshare developer before starting with an exit company?
A: You don’t necessarily “need” to, but you should. Contacting the developer or resort directly is always the best place to start when you are hoping to exit. If that communication isn’t productive, you can then move on to a solution such as an exit company.
Q: Will using a timeshare exit service affect my credit score?
A: Not necessarily – it all depends on how you leave the timeshare. If you attempt to leave by stopping the payments on your account, your credit score will be affected. However, if you leave properly while keeping up on your payments until you are no longer the owner, there will be no credit impact.
Take a Big Step Forward Today
As the old saying goes, nothing is going to change if nothing changes. In other words, if you don’t act on finding a way out of your timeshare, you’ll simply continue to own the timeshare. Take time today to reach out to us at 833-416-8796 to discuss your situation and what you might be able to do to move forward. Now is the time to start becoming a former timeshare owner!
